Biotech’s Big Lab Grab: Vacancies Plunge, Prices Soar

The amount of available lab space in the Boston area is rapidly falling amid a biotech boom that’s fueled expansion and hiring by local companies, including some industry giants. Lab space is now at a premium in biotech-rich East Cambridge, with rents topping even those in downtown Boston office towers. Developers have converted hundreds of thousands of square feet of offices into labs to meet the demand. >>> Discuss This Story

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